Ann: Notice of Annual General Meeting/Proxy Form, page-64

To those spraying vitriol like a Tom Cat, why don’t you do some reading and research.

This Ann has the top shareholders of the company. The thing that stands out is:

Citicorp - increased holdings by 10,000,000 shares
JP Morgan - increased by 13,000,000 shares
HSBC - increased by around 35,000,000 shares
UBS- new with 12,304,573 shares
BNP - increased by 2,200,000

Thats institutional buying, adding around 72,500,000 shares to their holdings in 2020. That don’t scream desperation. That is just straight out smart money buying at lows while the opportunity was there.

Patience required. And yes, the AGM is very insightful. Well worth staying back after and having a chat to management and long termers.